‘A spike in pandemic-related investments’

EY Africa’s Sandile Hlophe has told the BBC that foreign direct investment in Africa has changed due to the coronavirus pandemic, but not for the worse.

“There has been a spike in investment in certain sectors and industries because of the shift in how we work,” he says.

“Now, if you think about a lockdown environment, a lot of us have had to make payments remotely, so we’ve seen a marked increase in investment into fintech.

“The other big spike is healthcare. With the covid-19 pandemic, our healthcare providers – whether public or private – have had to adopt a lot of digital technology to engage and communicate.

“Investments into cloud capability, data analytics and the use of data has become more prevalent.”

You can tune into In Business Africa every Friday at 18:30 GMT on BBC World News.

Recent Posts

Pound rises ahead of expected Johnson resignation

Kitty Ussher, chief economist at the Institute of Directors, the UK employers' group, said: "What business hates most is uncertainty and instability, which heightens the sense of external risk. Having said that, we recognise that this is an issue for the Conservative...

read more

Will Nadhim Zahawi change tack on the economy?

He acknowledged both he and the prime minister wanted a "low-tax, high-growth economy, and world class public services", but Mr Sunak said this could only be "responsibly delivered if we are prepared to work hard, make sacrifices and take difficult decisions".

read more